Southeast Asset Advisors Inc. Reduces Stock Position in Bright Horizons Family Solutions Inc (NYSE:BFAM)

Southeast Asset Advisors Inc. reduced its holdings in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 46.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,259 shares of the company’s stock after selling 2,806 shares during the period. Southeast Asset Advisors Inc.’s holdings in Bright Horizons Family Solutions were worth $492,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of BFAM. BlackRock Inc. boosted its stake in shares of Bright Horizons Family Solutions by 4.9% during the 2nd quarter. BlackRock Inc. now owns 3,182,061 shares of the company’s stock worth $480,078,000 after purchasing an additional 148,834 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Bright Horizons Family Solutions by 9.4% during the 1st quarter. Neuberger Berman Group LLC now owns 1,734,443 shares of the company’s stock worth $220,465,000 after purchasing an additional 148,453 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Bright Horizons Family Solutions by 4.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,326,130 shares of the company’s stock worth $198,919,000 after purchasing an additional 56,785 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Bright Horizons Family Solutions by 1.6% during the 1st quarter. Wells Fargo & Company MN now owns 1,250,300 shares of the company’s stock worth $158,926,000 after purchasing an additional 19,601 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Bright Horizons Family Solutions by 13.3% during the 2nd quarter. Janus Henderson Group PLC now owns 892,870 shares of the company’s stock worth $134,759,000 after purchasing an additional 104,518 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

In other Bright Horizons Family Solutions news, CEO Stephen Howard Kramer sold 4,500 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $139.96, for a total value of $629,820.00. Following the completion of the sale, the chief executive officer now directly owns 90,425 shares of the company’s stock, valued at approximately $12,655,883. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mary Ann Tocio sold 20,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $154.06, for a total transaction of $3,081,200.00. Following the completion of the sale, the director now directly owns 82,282 shares of the company’s stock, valued at $12,676,364.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,327 shares of company stock valued at $11,007,388. 1.90% of the stock is owned by corporate insiders.

Bright Horizons Family Solutions stock traded up $2.52 during trading hours on Monday, hitting $157.92. The company had a trading volume of 10,642 shares, compared to its average volume of 291,646. The firm has a market cap of $8.97 billion, a P/E ratio of 52.12, a P/E/G ratio of 4.48 and a beta of 0.29. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.41 and a current ratio of 0.41. Bright Horizons Family Solutions Inc has a 1 year low of $105.15 and a 1 year high of $168.28. The company has a 50-day moving average price of $158.65 and a two-hundred day moving average price of $140.96.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $528.06 million during the quarter, compared to analysts’ expectations of $531.13 million. Bright Horizons Family Solutions had a net margin of 8.67% and a return on equity of 23.29%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 EPS. As a group, equities research analysts anticipate that Bright Horizons Family Solutions Inc will post 3.4 EPS for the current year.

A number of research firms recently commented on BFAM. ValuEngine cut shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a research note on Wednesday, August 7th. Goldman Sachs Group raised shares of Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a research note on Thursday, June 20th. Finally, BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $152.00 to $166.00 in a research note on Wednesday, September 11th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $136.57.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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